Shares of ProShares UltraPro Short Dow30 (NYSEARCA:SDOW – Get Free Report) were down 2.6% on Monday . The company traded as low as $23.66 and last traded at $23.68. Approximately 653,261 shares were traded during trading, a decline of 92% from the average daily volume of 8,271,419 shares. The stock had previously closed at $24.31.
ProShares UltraPro Short Dow30 Stock Down 2.6 %
The company’s fifty day moving average is $23.49 and its two-hundred day moving average is $25.42.
Hedge Funds Weigh In On ProShares UltraPro Short Dow30
A number of institutional investors and hedge funds have recently modified their holdings of SDOW. Captrust Financial Advisors acquired a new stake in shares of ProShares UltraPro Short Dow30 during the first quarter worth about $521,000. JPMorgan Chase & Co. boosted its holdings in ProShares UltraPro Short Dow30 by 70.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,476 shares of the exchange traded fund’s stock valued at $92,000 after purchasing an additional 1,022 shares in the last quarter. UBS Group AG raised its stake in shares of ProShares UltraPro Short Dow30 by 14.3% during the 2nd quarter. UBS Group AG now owns 4,637 shares of the exchange traded fund’s stock worth $172,000 after buying an additional 581 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of ProShares UltraPro Short Dow30 during the 2nd quarter worth approximately $33,000. Finally, Goldman Sachs Group Inc. acquired a new position in ProShares UltraPro Short Dow30 during the second quarter worth $500,000.
ProShares UltraPro Short Dow30 Company Profile
ProShares UltraPro Short Dow30 (the Fund) seeks daily investment results that correspond to three times (300%) the inverse (opposite) of the daily performance of the Dow Jones Industrial Average (the Index). The Index is a price-weighted index maintained by editors of The Wall Street Journal. The Index includes 30 large-cap, United States stocks, excluding utility and transportation companies.
Featured Stories
- Five stocks we like better than ProShares UltraPro Short Dow30
- How to Start Investing in Real Estate
- 3 Inexpensive Mid Cap Tech Stocks With Good Growth Prospects
- What Is WallStreetBets and What Stocks Are They Targeting?
- 3 Reasons the Dick’s Sporting Goods Selloff Is a Steal
- The 3 Best Retail Stocks to Shop for in August
- Foot Locker Stock Takes a Big Hit…Is It a Retail Bargain?
Receive News & Ratings for ProShares UltraPro Short Dow30 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraPro Short Dow30 and related companies with MarketBeat.com's FREE daily email newsletter.
